Long Term Data

NHAR has compiled year-end statewide and county data beginning in 1998, when the statewide median price for a single-family residential home was $127,500. That number rose to its peak of $270,000 in 2005, a remarkable 112 percent increase (a 16 percent per year average increase, or 11.3 percent compounded annually), after which we witnessed four consecutive years of median price declines (1.9 percent in 2006, 1.6 percent in 2007, 9.9 percent in 2008, 9.8 percent in 2009) that seem particularly dramatic due to the booming market of the seven years prior.

Most recently, we have seen the stabilization in the housing market, with less dramatic median price decreases in 2010 and 2011 and, in 2012, a 21 percent increase in unit sales from 2011. In 2013, we began talking less aboout 5recovery" and more about a normalized market — with the most residential unit sales since 2005 and a $220,000 median price for the year, 9 percent higher than 2012 and the highest since 2008.

And whereas 2014 is what we would call a year of stabilization, 2015 and 2016 came in strong with steady monthly increases throughout both. In 2015, we saw yearly statewide increases of 12 percent in unit sales and 5.5 percent in median sales price, while 2016 witnessed a. 8.7 percent hike in unit sales and 3.3 percent in median price. In fact, the 17,567 residential unit sales in 2016 were the most in NHAR's tracking history (1998 to present) and the highest median price ($249,50) since 2007.

Each of the following downloadable sheets includes the statewide year-end data from 1998 to 2016, along with similarly formatted data for individual counties.